NASDAQ$MYPS

Playstudios Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter results

PLAYSTUDIOS reported a revenue of $70.5 million for the first quarter of 2022, a decrease compared to $74.1 million in the same period last year. The company experienced a net loss of $25.2 million, contrasting with a net income of $5.9 million in the first quarter of 2021. AEBITDA was $9.1 million, down from $14.5 million year-over-year.

  • Revenue was $70.5 million, down from $74.1 million year-over-year.
  • Net loss was $25.2 million, compared to a net income of $5.9 million in the first quarter of 2021.
  • AEBITDA was $9.1 million, compared to $14.5 million in the first quarter of 2021.
  • Reward purchases increased 54.2% year-over-year.

Headline financials

Total Revenue

$70.5M

Previous: $49.6M+42.0%
EPS (adj)

-$0.20

Previous: $0.06-433.3%
Average DAU

1.6M

Previous: 1.3M+23.5%
Average MAU

6.9M

Previous: 3.7M+85.2%
ARPDAU

$0.50

Previous: $0.65-23.1%
Average DPU

31.0K

Previous: 36.0K-13.9%
Average Daily Payer Conversion

2.0%

Previous: 2.9%-31.0%
Purchases (units)

592.0K

Previous: 384.0K+54.2%
Retail Value of Purchases

$33.7M

Previous: $18.7M+80.3%
Available Rewards (units)

521.0K

Previous: 385.0K+35.3%
Capital Expenditures

-$1.94M

Previous: $197K-1082.7%
Free Cash Flow

-$27.1M

Previous: $4.6M-690.0%
Net Income

-$25.2M

Previous: $5.92M-526.0%
Operating Income

-$14.8M

Previous: $7.55M-296.6%
Gross Profit

-$29.4M

Previous: $49.6M-159.3%
Cash & Equivalents

$220M

Previous: $39.5M+457.2%
Total Assets

$329M

Previous: $216M+52.0%
Stock-Based Comp

$6.87M

Previous: $900K+663.1%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$70.5M

Q1 2022+42%vs Q1 2021
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The Company is reaffirming its expectation for full-year 2022 revenue to be in the range of $305.0 million to $325.0 million. In addition, the full-year AEBITDA expectation remains in the range of $40.0 million to $50.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.5%

Avg return

Earnings day

-6.2%

Avg return

5 days after

-3.3%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+13.1%

Q3 2021

Best reaction

-20.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+6.9%
Q4 2025+1.3%-3.2%-6.0%
Q3 2025-8.8%-12.4%-29.5%
Q1 2025-5.8%+10.7%+5.0%
Q4 2024-12.0%-17.3%-16.7%
Q3 2024+6.6%+13.1%+50.4%
Q2 2024-18.6%-26.7%-30.0%
Q1 2024+3.0%-2.6%-1.3%
Q4 2023+8.9%-1.9%+28.5%
Q3 2023-5.4%-5.4%-7.6%
Q2 2023-16.5%-16.0%-23.2%
Q1 2023+1.1%+2.3%+2.0%
Q4 2022+10.0%+5.5%+3.6%
Q3 2022-20.2%-12.5%-11.8%
Q2 2022+6.2%+11.5%-7.8%
Q1 2022-17.0%-28.2%+5.7%
Q4 2019-7.0%-3.7%+21.6%
Q4 2021-2.4%-21.7%-12.2%
Q3 2021+13.1%+3.0%-8.9%
Q2 2020-13.0%-25.2%-16.2%
Q2 2021-14.2%-20.4%-18.7%
Q1 2021+0.4%+0.0%-1.3%
Q4 2020+0.4%+0.8%+1.1%
Q3 2020

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